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0 sats \ 0 replies \ @028559d218 17h \ parent \ on: Gold Market 'Upended' On Report Of US Tariffs On Swiss Bullion econ
That would be the craziest thing
I'm not on twitter and so I don't get exposed to any of the noise.
Why would I buy some random shares in some random 'company'... when I could just buy spot Bitcoin?
What am I missing???
Thanks for your report. Bitcoin is still the Wild West... it just hasn't been around long enough. I would compare it to airplanes in the 1920s... a long long way from the first planes but still in development. And as you say, Stacker News is great.
The liberal/progressive case for Bitcoin... should be very strong if not overwhelming.
Why isn't it currently?
I think there is an under-the-table part of the economy, often involving immigrants and cash, that is important to large parts of the US economy.
Firing more government workers only has a superficial effect on costs savings for government... medicare social security and defense have the biggest impacts on government outflows (in addition to interest payments of course) and so the effect of 'deporting immigrants' is greatly exaggerated.
In addition, companies may not be 'laying off' people so much as not hiring, as the trade and tariff uncertainty means that companies are uncertain to invest and spend money hiring and training people.
It puts private industry in a 'wait and see' mode... instead of a 'growth' mode.
Meanwhile the Fed can't cut... and won't raise interest rates and so whatever decision they make is some sort of compromise between inflation and unemployment. In the 70s it was called 'stagflation'... now they would call it???
Meanwhile the government continues to borrow putting up-pressure on long-term interest rates... and the political instability (associated with MAGA but ultimately bipartisan) isn't helping things.
Gold is good. So are commodities in general. Bitcoin is Best.
Eventually the world will 'de-risk' out of the United States and into Bitcoin because it is harder to corrupt than the United States... and a better place for long-term capital growth and preservation in a multi-polar world.
That's it.
It seems to me that if you don't like the statistics from some government bureaucracy... you'll just keeping firing people until they give 'the statistics' you do like.
Reminds me of USSR
Take your AI, Your LLM and stuff it where it belongs.
AI LLMs in place of original thoughts are not welcome on Stacker News.
What I see in most of crypto is solutions looking for problems to solve. I fail to see how adding blockchains to the financial system without changing anything else increases its value. Its wild.
It's all smoke and mirrors dude.
I mean... that's not completely true. Value is subjective. Under that definition you can't explain why people pay money for many things.
Anything worth doing, worth creating, worth using in our society requires energy. Planes, trains, automobiles... they are all created and operate with energy.
Energy is the foundation of a civilization.
To me Energy is absolutely 100% vital to Bitcoin's appeal... and its what got me into Bitcoin to begin with. Gold requires energy to make, to refine, to mine... and that's ultimately why it's valuable and Bitcoin is 100% the same.
What makes Bitcoin valuable is... energy.
If a 'token' doesn't have energy behind it, or at a minimum represent something that inherently does...
Its value is?
Zero. Its value is zero.
Less crypto. More proof-of-work please